Jakarta (VNA) – The Indonesian Government has set the budget deficit limit at 2.85 – 3% of the gross domestic product (GDP), or 598.2 trillion Rp (40.5 billion USD), for 2023. 2023 is the first year the budget deficit will be returned to a maximum of 3% of the GDP, the country’s President Joko Widodo said while presenting the draft […]
Read MoreMANILA, Philippines — Investment pledges from foreign sources more than doubled in the second quarter from a year ago amid the further easing of pandemic-induced restrictions and approval of reforms that seek to make it easier for foreign investors to enter the country. Data from the Philippine Statistics Authority released yesterday showed total foreign investments […]
Read MoreTax authorities have collected approximately $2.21 billion of tax revenue — 78.39 percent of the budget law in the first seven months of the year, which soared by 28.62 percent or about $491.29 million compared to the same period last year, said a release by the General Department of Taxation (GDT) on Monday. Cambodia has […]
Read MoreThe baht opened at 35.36 to the US dollar on Wednesday, strengthening from Tuesday’s close of 35.47. The currency is expected to move between 35.25 and 35.45 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht was supported by foreign investors purchasing Thai assets, especially risky ones, with the market […]
Read MoreVietnam’s GDP per capita, calculated in accordance with current prices, has increased year after year. However, the figure is lower than other regional countries. In 2020, Vietnam’s GDP per capita was $3,552, ranking sixth in Southeast Asia. The figure was just a little higher than Laos, Cambodia and Myanmar, while it was much lower than […]
Read MoreMANILA, Philippines — The Philippines will continue its borrowing program at over P2 trillion, at least in the short term, according to the Bureau of the Treasury. Based on the indicative financing program of the government until 2025, the Philippines will borrow P2.21 trillion by 2023, the same level it plans to raise this year. […]
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Thailand
